3 Ways To Save Money When Buying Your Next Used Car

Chances are that you are looking to save money if you are purchasing a used car. Thankfully, there are quite a few ways that you can bring down the overall price of your vehicle purchase. Follow these 3 tips to see some savings.

Sell Your Current Car Instead of Trading It In

If your reasons for getting a new car is because your old one is on its last legs, you'll need to get rid of it at some point. Car dealerships typically offer you a trade in value for your old car, but it would most likely be for the Kelley Blue Book value. Instead of trading it in, try selling the car privately.

A dealership may offer a lower value than what you would get from a private seller because they put a standard amount of work into every car they sell. This includes making repairs, a thorough cleaning, and marketing. If you sell your old car on your own, you can sell it for a higher price if you are willing to find a buyer. You will have to do the work yourself to get the car ready, but it could lead to making more money than if you were to simply trade it in.

Shop For Your Used Car During The Week

It's common for people to go shopping for a car on the weekend. People have more free time to look and test drive because they are not at their jobs, so interest is high and dealerships are more likely to make a sale.

If you shop during the week, you are more likely to negotiate a lower price with a salesperson. They won't be busy dealing with other people, and will be more willing to take the time to negotiate a price with you.

Ask For A Breakdown of All Fees

It is likely that the sales price of a car will have some fees built into it. Some fees you cannot avoid, such as sales tax or registration. Other fees the dealership may be flexible about waiving. For example, the dealership may have detailing costs built into the price for cleaning the car before you drive it off the lot. See if they will skip this step to put some extra money back into your pocket.

Every dollar counts if you are buying a used car on a budget. By following these tips you'll be sure to see some savings.